Rockville, MD (PRWEB) October 14, 2015
To help its lender clients comply with TRID rules, CoesterVMS, a national appraisal management company, has launched a national appraisal fee disclosure calculator that produces fee quotes based on variables such as the complexity of a property and the valuation product selected.
“Giving professionals in our industry the tools that allow them to meet compliance requirements improves our industry overall while providing peace of mind,” said Jacob Guertin, vice president at CoesterVMS. “The introduction of this calculator will give lenders more control in the process while remain compliant with TRID.”
The disclosure calculator uses multiple factors to provide a quote estimate, including the customary and reasonable appraiser fee for a selected valuation product in a property market, finished square footage, lot size and complexity of the file.
With features such as direct information population and the ability to save quotes for later use, CoesterVMS’ disclosure calculator also creates efficiencies in addition to helping with compliance.
“The industry needs tools such as our disclosure calculator not only for compliance's sake, but to ensure they are not caught off guard by valuation fees, ultimately every lender and appraisal management company will need the ability to quote an exact fee and were glad to be the first to offer this to the industry,” said Brian Coester, CEO of CoesterVMS. “Accurate fees save time and money.”
The calculator is available to CoesterVMS systems users.
CoesterVMS is a nationwide appraisal management company that specializes in providing comprehensive management of appraisal operations for mortgage lenders. CoesterVMS’ in-house appraisal management solution combines the best service with the most advanced technology on the market. CoesterVMS guarantees all appraisal reports to fully comply with all regulations and guidelines. The company's Cloud Control appraisal management technology is the only software of its kind to be built on the award-winning Salesforce.com platform, and its “Coester-Mer” service is earning the company a reputation for the best customer service in the industry. Headquartered in Rockville, Maryland, CoesterVMS was founded as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information please visit CoesterVMS online at http://www.CoesterVMS.com.